Location: Brownsville-Harlingen, TX | Metro: Brownsville-Harlingen, TX MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
The Fair Market Rent (FMR) for ZIP 78523 in fiscal year 2024 is set at $970. While specific market data such as median home values and median income levels are not directly provided, the FMR serves as a reliable benchmark for rental income potential. Landlords and small-portfolio investors should expect steady, predictable cash flows from properties in this ZIP code, as they align closely with the rental assistance program guidelines.
This ZIP code supports both business and residential activities, making it a stable environment for real estate investments. Although the exact median home value and median income figures are not available, the presence of a diverse range of businesses and employment opportunities suggests a resilient local economy. The lack of significant appreciation potential or short days on market (DOM) indicates that this area is not likely to offer rapid capital gains but will provide consistent returns through rental income.
To summarize, ZIP 78523 should be considered primarily as a cash-flow anchor due to its alignment with the FMR and the potential for stable, long-term rental income. It is not recommended as an appreciation play or a diversifier based on the current data.
Data Sources: FMR data from HUD (2027).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.